Cathie Wood, the founder of Ark Invest, known as the "female stock goddess", recently made an optimistic prediction. She believes that after the US President-elect Donald Trump takes office, the new innovation ecosystem will set off a wave of "mergers and acquisitions" "Business", mergers and acquisitions that were blocked by cumbersome regulations in the past will be released with the coming of the new government. At the same time, she also emphasized again that Bitcoin is expected to hit $1 million before 2030.
In a recent interview with (Bloomberg) TV, Cathie Wood bluntly stated that the policy changes of the Federal Trade Commission (FTC) will bring new "liquidity events" to new startups and create a large number of merger and acquisition opportunities. She pointed out:
The FTC's intervention has led to many merger cases being stillborn, but this situation will soon be broken. We will see more strategic buyers actively stepping in to acquire these innovative companies.
When it comes to cryptocurrency, Cathie Wood reiterated her consistent optimistic stance, firmly believing that Bitcoin is expected to break the $1 million barrier before 2030, and she believes that the supply and demand fundamentals of Bitcoin will become the core driving force behind the rise in coin prices. She said:
The scarcity of Bitcoin even surpasses that of gold. Rising gold prices stimulate an increase in production, but the supply of Bitcoin is fixed at 21 million coins, making it impossible to increase production like gold.
Cathie Wood believes that as the Trump administration may relax the regulatory environment for cryptocurrencies, the growth rate in this field will accelerate even more.
Cathie Wood is known for her forward-looking investment philosophy. Whether it’s her high-profile bets on Tesla or Bitcoin, they often spark enthusiastic discussions in the market. Although the ARK Innovation ETF has experienced several fluctuations, it has performed remarkably well this year, currently managing assets of $6.7 billion, bringing substantial returns to investors.
In addition, Cathie Wood expressed high expectations for Musk's new role in the Department of Government Efficiency (DOGE).
She believes that Musk is well aware of the impact of regulatory pressure on startups, which will help him promote the 'government slimming plan.' She said, 'Musk understands that as long as some obstacles are clear, the speed of reform will be faster and more effective.'
"Cathie Wood: Trump's administration will usher in a 'merger boom,' Bitcoin will reach $1 million by 2030" This article was first published on (Blockcast).
